FX.co ★ China Stocks Head for Mixed Weekly Finish

The Shanghai Composite rose 0.6% to 3,966 on Friday and the Shenzhen Component added 0.7% to 13,716, with both benchmarks set for a mixed weekly performance as investors adopted a cautious stance ahead of key economic data releases that could shed more light on the strength of China’s recovery. Market participants are closely monitoring upcoming trade and inflation figures after the latest PMI surveys signaled improving economic momentum. Even so, investors weighed the more positive signals against persistent concerns over domestic demand and the broader growth outlook. Technology stocks led the gains, with notable advances in Cambricon Technologies (up 1.4%), Hygon Information Technology (1.1%), Zhongji Innolight (1.5%), Eoptolink Technology (2.0%), and NAURA Technology (1.4%).